‘Tory elite is laughing all the way to the bank’, says Plaid Cymru MP
Plaid Cymru’s Westminster leader has accused the “Tory elite” of “laughing al the way to the bank” after revelations about David Cameron’s finances.
Liz Saville Roberts, the MP for Dwyfor Meirionnydd, hit out after an investigation by the BBC’s Panorama programme showed the former Prime Minister made more than £7 million from Greensill Capital before it collapsed.
Panorama obtained a copy of a letter which said Cameron was going to be paid $4,569,851.60 (about £3.3m) after tax for a tranche of his Greensill shares.
As well as the shares, Cameron was said to have received a salary of $1m (£720,000) a year as a part-time adviser.
Panorama also claimed he was paid a bonus of $700,000 in 2019 on top of his salary.
Greensill, which made its money by lending to businesses, went into administration in March, leaving investors facing billions in losses.
Before its collapse, Cameron unsuccessfully tried to persuade ministers to invest taxpayers’ money in Greensill loans.
The former Prime Minister has been cleared of breaking any lobbying rules but MPs said he had been guilty of a “significant lack of judgement”.
According to a spokesman for the former Prime Minister, his remuneration was a private matter.
Cameron’s spokesman said: “He acted in good faith at all times and there was no wrongdoing in any of the actions he took.”
Liz Saville Roberts said: “David Cameron pocketed £7.2 million for 2.5 years’ part time work for Greensill
“What did he do for his salary?
“He lobbied fellow Tories in the Government
“The Westminster Tory elite are laughing all the way to the bank while the rest of us suffer the consequences.”